Business & Finance
Business and Finance
Business and Finance
Fri, December 19, 2008 
FORT LAUDERDALE, Fla.--([ BUSINESS WIRE ])--Cross Atlantic Commodities, Inc. (PINK SHEETS: CXAC), a manufacturer and distributor of nationally branded commodities, including food and general merchandising for stores nation-wide, is issuing a corporate update and status of business.
For the past 6 months, CXAC has done its best to bring products to market and increase shareholder value. Along the way CXAC has overcome some major pitfalls; including delays in production, lack of capital and stock dilution. CXAC is surviving these hard times by following their business model. CXAC has all the necessary tools to launch its business plan and is ready to bring product to market in the first quarter of '09.
Jorge Bravo, President and CEO of CXAC stated, "Many questions are asked about our depressed stock and our intentions. First and foremost, there are NO plans for a reverse stock split in the immediate future. We are adjusting our business model quarterly and there is NO plan for a reverse stock split in the first quarter in 2009, and we will review our growth every quarter."
CXAC has signed contracts with a Media Buying Company, one strongest in the Direct Response industry, and a Fulfillment House that will take all orders and ship them out. We are also in the process of interviewing telemarketing companies to handle all sales and up sales from the Direct Response Commercials. Many companies are committed to the success of Re Juv by Caci, and this shows that management is committed to the success of CXAC.
About Cross Atlantic Commodities, Inc.:
Cross Atlantic Commodities, Inc. manufactures, distributes and markets specialty food products and general merchandise to large food chains, clubs, and mass merchants. The Import Foods Division assists overseas manufacturers in the conformities of US packaging and label standards. The Fruit 2 Go® brand is a unique and healthy fruit snack packaged in a squeezable pack from our own design. Spray n Shine is our environmentally friendly waterless wash & wax that will clean up to five cars in a single can without the use of water or soap. Cross Atlantic Commodities, Inc. is a fully reporting company trading on the OTCBB under the symbol CXAC. For more information, visit [ www.crossac.com ].
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
This document contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance and underlying assumptions and other statements, which are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, risks set forth in documents filed by the company from time to time with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by, or on behalf of, the Company, are expressly qualified by these cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after
Certain statements in this release and the attached corporate profile that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as "anticipate," "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to the Company's ability to: (I) obtain sufficient capital or a strategic business arrangement to fund its expansion plans; (ii) build the management and human resources and infrastructure necessary to support the growth of its business; (iii) competitive factors and developments beyond the Company's control; and (iv) other risk factors.
